Lebanon Valley College
BULLETIN
Vol. XXV OCTOBER, 1936 No. 7
REPORT OF FINANCE COMMITTEE
FOR FISCAL YEAR
ENDING JUNE 30, 1936
To be Presented to the Board of Trustees at their
Annual Meeting, Friday, June 4, 1937
A Supplement to this report will give figures for the
school year 1936-1937, to June I, 1937
Entered as Second-Class matter at Annville, Pa., under the A t ol August -'4, 1912
TABLE OF COKTENTS
Comments, Chairman of the Finance Committee 3
Comparative Ealance Sheet 4
Condensed Comparative Statement of Current Income and Expenses... 6
Statement of Current Funds 8
Statement of Current Income 9
Statement of Current Expenses .....11
Statement of Endowment Income 14
Details of Current Fund Adjustments 20
Condensed Statement of General Fund Cash Receipts and
Disbursements 21
Statement of Cash Receipts and Disbursements, Endowment
Income Account 23
Statement of Loan Funds 24
Statement of Endowment and Other Fon-Expendable Funds 25
Schedule of Endowment Fund Investments 26
Statement of Plant Fund s 34
Plant Fund Assets 35
Extension Department 36
Summer School Report 36
Saturday School Report 37
Statement of Music School Income and Expenses 38
Statement of Dormitory Income and Expenses 39
Report of Dining Hall 40
Statement of Laboratory Income and Expenses 41
Report of Library 41
Donations to Lebanon Valley College for Special Purposes 42
Analysis of Keating Plant Expense 43
Analysis of Farm Deficit Account 43
Statement of East Berlin Farm Income and Expenses 44
Statement of Shiremenstown Farm Income and Expenses 45
Audit Certificate 46
Student Enrollment 47
Funds from the K. Y. A 47
To the Poard of Trustees of Lebanon Valley College:
The Finance Committee presents the following report of the
finances of the college for the fiscal year ending. June 30, 1936.
The figures found in this year's report are directly comparable with
those of last year since both cover a twelve-month period.
Income and E xpenditures
Foth income and expenditures for the year show an increase over
those of the preceding year. The increase in income was, however,
proDortionately larp-er than the increase in expenditures, as a result
of which a net profit of v4,197.98 for the year in actual operating
expenses is shown by the report, in favorable comparison with a loss
of twice that amount in the operating account of the previous year.
The deficit shown in the balance sheet for the year's total receipts
and expenditures is due to additions to plant made out of current
funds, amounting to nearly £18,000. These additions to plant are
accounted for in larre par" 1- by the new pipe organ installed in the
summer of 1935.
Throurhout the year only sucn expenditures were authorized by
the Committee for repairs and replacements as represented necessities
or economies.
Endowment Fund
During this critical period it has been the constant purpose of
the Committee to improve the position of the College with respect
to its Endowment Fund. Constant scrutiny of the trends in various
fields of investment has been exercised and the best sources of invest-
ment information and advice have been continually consulted. Prompt
action in accord with the conclusions resulting from such watchfulness
has enabled the Comma ttee to make notable progress toward the restor-
ation of the fund to its pre-depression level. A continuation of
the policy that has been pursued promises to further enhance the cash
value of the investments.
J. R. EFGLE,
Chairman, Finance Committee
Exhibit A
COMPARATIVE BALANCE SHEET
JUNE 30, 1936 AND 1935
ASSETS
I Current Funds :
A General:
Cash
Investments, Notes Rec'vable
Accounts Rec'vable, Students
Advances Rec'vable, Farm
Account
Dining Hall Supplies
Laboratory Supplies
Summer School Expenses,
Prepaid
Y.M.C.A. Expenses, Prepaid
Prepaid Insurance
Deficit
B Restricted:
Cash
II Loan Funds :
Cash
Notes Receivable
June 50,
1S56
$2,615.25
11,984.87
16,459.47
1,474.89
1,103.34
1,800.00
99.05
2.75
388.27
June 30,
1935
Increase Decrease
$1,560.55 $1,054.70
12,123.18
14,397.49 2,061.98
2,232.19
987.19
1,525.00
116.15
275.00
104.70
2.75
1,941.19
$138.31
757.30
5.65
1,552.92
III Endowment and Other Non-Expendable Funds;
Cash 81.02
Bonds 650,026.74
Stocks 175,064.89
Allotment Certificates +
Mortgages 21,750.00
Notes Receivable 22,356.71
Real. Estate (Farms) 47,476.25
32,508.71
18,767.32
13
,741.39
68,436.60
53,638.81
14
,797.79
1,557.39
1,395.38
162.01
69,993.99
55,034.19
14
,959.80
2,213.13
4,138.25
1,902.19
3,756.65
310.94
401.62
6,351.38
5,658.82
712.56
IV Plant Funds :
Lands
Underground Keating and
Plumbing System
Buildings
Equipment
V A gency Fu nds.
~~ " Cash
Advances Receivable from
General tund
Farm Improvements
Farm Deficit
531.87 450.85
630,671.16 19,355.58
172,258.23 2,806.66
14,773.51 14,773.51
21,250.00 500.00
24,636.71 2,280.00
47,476.25 _
73 -_ 5", 157.86 " __
916,755.61 911,597.73 5,157.86
39,000.00 39,000.00
17,089.39
495,219.84
110 ,654.89
661,964.12
520.99
183.19
2,500.00
2,578.99
17,089.39
495,149.44
101,785.92
70.40
8,868.97
653,024.75 8,939.37
914.86
5,783.17
183.19
2,500.00
2,810.31
6,408.36
393.87
231.32
62 5*. 19
Total Assets
1 , 660,848.27 1 ,651, 7 03. b5 29,144.42
Exhibit A
LIABILITIES AND FUNDS
COMPARATIVE BALANCE SHEET
JUNE 30, 1936 AND 1935
June 30, June 30,
1936 1935
Increase Decrease
I Curr ent Funds ;
A General-:
Notes Payable
Accounts Payable
Accounts Payable, Agency
funds
Students' Deposits
Reserve for Doubtful
Accounts
B Restricted:
Funds
II Loar. Fu nds :
Funds
III Endowment and Other Non-Expendable Funds
Endowment Funds:
General
Restricted
Annuity Funds
IV Plant Funds :
Net Investment in Plant
V Agency Funds :
Notes Payable, Farm
Account
Advances Payable, Farm
Account
Funds
Total Liabilities
and Funds
$56,866.40 $38,500.00 $18,366.40
3,973.74 8,226.48 $4,252.74
183.19
1,613.27
5,600.00
183.19
1,729.14
5,000.00
84.13
600.00
68,436.60
53,638.81
14
,797.79
1,557.39
1,395.38
162.01
69,993.99
55,031.19
14
,959.80
6,351.38
5,638.82
712.56
684 :
229
,963.91
,391.70
683..
225
,426,
,771,
.03
.70
1,
3
,537.88
,620.00
914
2,
,355.61
,400.00
909 .
2
,197,
,400,
.73
.00
5,
,157.88
916,
,755.61
911,
,597,
.73
5
,157.88
661,
,964.12
653,
,024,
.75
8,
,939.37
4,000.00 4,000.00
1,
,474.89 2,232.19
308.28 176.17 132.11
757.30
5
,783.17 6,408.36
625.19
1,660.
,848.27 1,631,703.85 29,144.42
Exhibit B-l
CONDENSED COMPARATIVE STATEMENT OF CURRENT INCOME AND EXPEMSES
(Excluding Receipts and Disbursement a of Restricted Funds
for Non-Educational Purposes)
July 1 '35 July 1 '34
to to
INCOME June 30 '36 June 30 '35 Increase Decrease
I Educational and General :
[1] Student Income:
School of Liberal Arts
and Sciences #66,391.87 $64,656.20 §1,735.67
Auxiliary Educational
Schools 30,648.14 23,068.46 7,579.68
97,040.01 87,724.66 9,315.35
(2) Endowment Income 27,194.01 22,874.87 4,319.14
(3) Gifts and Grants 6,977.05 5,644.87 1,332.18
(4) Other Sources 3,318.46 2,780.87 537.59
Total Educational
and General Income 134,529.5 3 119,0 25.27 15,504.26
II Auxiliary Enterprises and
Activities !
(1) Dormitories 21,247.45 20,801.50 445.95
(2) Dining Hall 39,545.91 38,605.90 940.01
(3) Placement Bureau Income 49.00 45.00 4.00
(4) Leadership Training
School Income 676.57 854.90 17e.S3
Tot6l Income, Auxiliary
Enterprises and
Activities 61,518.93 60,307.30 1,211.63
III Income for Kon-Educational
Purposes 1,759.09 1,090.61 668.48
* — *~^—~ ■ ■ ■ i ■ i i pwaa—i ii i —
Total Income 197,807.55 ie0,423.18 17,384.37
Total Expenses,
Forwarded 193,609.57 189,009.96 4,599.61
Net Profit (♦) or Loss (-)
before deducting addi-
tions to Plant from
Current Funds 4,197.98+ 8,586.78- 12,784.76
Additions to Plant from
Current Funds 17,939.37 8,079.12 9,860.25
Net Loss after deducting
additions to Plant
from Current Funds ♦13,741. 39 16,665.90 2,924.51
Exhibit B-l
CONDENSED COMPARATIVE STATEMENT OF CURRENT INCOME AND EXPENSES
(Excluding Receipts and Disbursements of Restricted Funds
for Non-Educational Purposes)
July 1 '35 July 1 '34
to to
EXPENSES June 30 '36 June 30 '35 Increase Decrease
I Educational and General ;
(1) General Administration
and Expense §27,775.57 $26,253.18 $1,522.39
(2) Instruction and Research!
School of Liberal Arts
and Sciences 66,139.98 68,309.81 2,169.83
Auxiliary Educational
Schools
(3) Library
(4) Operation and Maintenance
of Physical Plant
Total Educational and
General Expenses
II Auxiliary Enterprises and
Activities :
(1) Dormitories 12,625.39 11,468.71 1,156.68
(2) Dining Hall 38,797.89 38,685.75 112.14
(3) Placement Bureau 41.84 32.26 9.58
(4) Leadership Training School
Total Expenses,
Auxiliary Enterprises
and Activities
III Other Non-Educational
Expenses
28,300.04
6 D p 0£ «Ou
2
,947.71
94,440.02
93,662.14
777.88
4,811.69
10,911.08
4,126.60
10,551.11
685.09
359.97
137,938.36
134,593.03
3
,345.33
L 781.72
866.40
84.68
52,246.84
51,053.12
1,193.72
2,824.37
1,863.81
960.56
Total Expenses before
Reserve Provisions 193,009.57 187,509.96 5,499.61
Reserve Provisions:
Provision for Doubtful
Accounts Receivable 600.00 1,500.00 900.00
Total Expenses $195,609.57 189,009.96 4,599.61
Exhibit B
STATEMENT OF CURRENT FUNDS
YEAR ENDED JUNE 30, 1936
Balance at beginning of year None
Add:
t,l) Current educational and general
jncorae, per Schedule B-l, Sec. I $134,529.53
(2) Income auxiliary enterprises and
activities, per Schedule B-l,
Sec. II 61,518.93
(3) Income non-educational purposes,
per Schedule B-l, Seo. ill 7,717.76
#203,766.22
(4) Adjustments, per Schedule B-4 356.61
204,122.83
Deduct:
(1) Current educational and general
expenses, per Schedule B-2, Sec. I 138.538.36
(2) Expenditures of auxiliary enterprises
and activities, per Schedule B-2,
Sec. II 52,246.84
(3) Other l.on-educational expenses, per
Schedule E-2, Sec. Ill 8,903.06
(4) General funds transferred to plant
funds, per Exhibit E, Sec. I 17,939.37
217,627.63
(5) Adjustments, per Schedule B-4 236.59 217,864.22
Deficit for year ended June 30, 1936 13,741.39
Add, Deficit July 1, 1935 18,767.32
Deficit June 30, 1936, to Exhibit A, Section I $32,508.71
Schedule B-l
STATEMENT OF CURRENT INCOME
YEAR ENDED JUNE 30, 1936
I Educational and General ;
(1) Student Income i
A School of Liberal Arte and Sciences i
Tuition
Less, Scholarships
Matriculation Fees
Biology Fees
Chemistry Fees
Physics Fees
Psychology Fees
Practice Teaching Fees
Graduation Fees
B Auxiliary Educational Schools:
Extension School
Music School
Saturday School
Summer School
(2) Endowment Income (Schedule B-3)
Unrestricted
Restricted/
(3) Gifts and Grants
Benevolence, Conference
Other
(4) Other Sources t
Chemical Analysis by Dr. Bender
Group Life Insurance
Interest on Current Funds
Library Income
Total Educational and General
Income, to Exhibit B
$68,602.65
11,417.04
$57,185.61
1,595.96
2,205.30
2,249.00
420.00
126.00
1,155.00
1,455.00
$66,391.87
1,220.00
25,585.50
1,575.00
2,267.64 30,648.14
24,410.98
2,783.03 27,194.01
5,753.42
1,223.63 8,977.05
172.10
546.48
601.19
1,998.69 3,318.46
134,529.53
II Auxiliary Enterprises and Activities }
(1) Dormitories!
Rentals
Breakage Fees
Cleaning Fees
(2) Dining Hall ;
Students' Board
Sale of meals to others
Sale of Food and Operating Supplies
20,354.32
262.83
630.30 21,247.45
38,883.50
637.28
25.13
39,545.91
Schedul* B-l
STATEMENT OF CURRENT INCOME
YEAR ENDED JUNE SO, 1936
II Auxiliary Enterprises and Activities , Continued:
(3) Placement Bureau Income $49.00
(4) Leadership Training School Income 676.57
Total Income Auxiliary Enterprises
and Activities, to Exhibit B 61,518.93
III Income for Non-Educational Purposes :
Day Students' Fees for Janitor Service
and Breakage $315.90
Unexpended Student Activity Fees 965.80
Scholarship Funds (Schedule B-3) 5,276.19
Student Loan Funds n " 500.73
Prize Funds " " 61.75
Annuity Funds n " 120.00
Miscellaneous 477.39
Total Income for Non-Educational
Purposes, to Exhibit B 7,717.76
Total Income to Exhibit B $203,766.22
10
Schedule B-2
STATEMENT OF CURRENT EXPENSES
YEAR ENDED JUNE 30, 1936
I Educational and General ;
(1) General Administration and Expense :
A General Administrative Offices:
Miscellaneous
Office Supplies
Postage
Salaries
Stationery and Printing
Telephone and Telegraph
B General Expense:
Advertising, General
Bulletins and Catalogues
Alumni Expense
Alumni Secretary, Salary and
Expense
Accounting Services and Expenses
Commencement Expenses
Diplomas
Compensation Insurance
Group Life Insurance
Lecture Expense
1'embership Dues
Miscellaneous
Press Service
Student Solicitation Expense
Travel and Entertainment j
Faculty 226.40
Officers 1,093.99
Trustees 19.20
(2)
$229.27
316.07
418.97
15,538.28
514.95
146.43 $17,163.97
431*49
€97.26
101.11
810.60
258.45
214.90
279.74
297.01
1,334.74
117.00
194.25
910.65
1,188.26
2,436.56
1,339.59
Provision for Doubtful
Accounts Receivable
600.00
11,211.60
$28,375.67
Instruction and Research!
A School of Liberal Arts and
Sciences:
Salaries, Faculty
61
,960.60
Student Assistants
1
,436.90
63,397.50
Practice Teaching
557.00
Departmental Expenses t
Biology Laboratory
1
,248.77
Chemistry Laboratory
793.75
Phj'sics Laboratory
141.24
Psychology Laboratory
1.72
2,185.48
66,139.98
B Auxiliary Schools:
Extension School:
Faculty Salaries
800.00
Traveling and Viscellar
ieous
Expense
327.00
1,127.00
11
Sohedule B-2, Continued
STATEMENT OF CURRENT EXPENSES
YEAR ENDED JUNE 30, 1936
I Educational and General :
(2) Instruction and Research ;
B Auxiliary Schools: Continued
Music Schooli
Faculty Salaries $22,150.12
Practice Teaching, Salaries
and Expense 944.32
Tuning, repairs, etc. 616.14
Music 111.94
Stationery and printing 42.90 $23,865.42
Saturday Schools
Faculty Salaries 1,341.90
Summer School:
Faculty Salaries 1,159.02
Miscellaneous Expense 544.70
Boarding Expense 262.00 1,965.72 $28,300.04
(3) Library :
Books and Magazines 1,055.56
Salaries 3,536.20
Supplies and Binding 219.93 4.811.69
(4) Operation and Maintenance of
Physical Plant :
Care of Buildings and Furniture 1,937.64
Care and Maintenance of Grounds 883.33
Heat 3,994.80
Light and Power 1,086.41
Mis a'laneous 69.75
Operating Supplies 88.50
Planting Expense 5.00
Property Insurance 1,027.50
Repairs and Maintenance of Buildings
and Equipment 1,434.97
Taxes 15S.50
Water 223.68 10,911.08
Total for Educational and General
Expenses, to Exhibit B 138,53 8.36
II Auxiliary Enterprises and Activities :
(1) Dormitories":
Care of Buildings and Furniture 3,326.29
Heat 4,033.55
Light and Power 2,172.16
Miscellaneous 42.72
Operation Supplies 149.15
12
Schedule B-2, Continued
STATEMENT OF CURRENT EXPENSES
YEAR'EKDED JUKE 30, 1936
II Auxiliary Enterprises and Activities t
(1) Dormitories:
Property Insurance $582.72
Rent 174.00
Repairs and fi'sir.tenance of Buildings
and Equipment 1,660.55
Telephone 106.74
Water . 377.51 $12,625.39
(2) Dining Hall ;
Salaries and Wages 8,892.83
Food 23,307.24
Gas 193.24
Laundry 459.01
Light 552.20
i'dscellaneous 108.00
Operating Supplies 229.77
Renewals and Repairs 481.38
Rental 4,480.00
Telephone 24.34
Water 69.88 38,797.89
(3) Placement Bureau ;
Expenses 41.84
(4) Leadership Training School ;
Expenses 781.72
Total Expenses, Auxiliary Enterprises
and Activities, to Exhibit B 52,246.84
III Other Kon-Educational Expenses ;
Interest on Loans 2,749.95
Debating Expenses 74.42
Scholarships (Schedule B-3 ) 5,396.96
Student Loan Funds (Schedule B-3) 500.73
Prizes (Schedule B-3) 61.00
Annuities (Schedule B-3) 120.00
Total Kon-Educational Expenses,
to Exhibit B 8 , 903 .06
Total Expenses to Exhibit B $199,688.26
13
Schedule B-3
STATEMENT OF ENDOTVMENT INCOME
FOR THE YEAR ENDED JUNE 30, 1936
I Unrestricted:
For Educational Purposes
II Restricted:
A For Educational and General Purposes:
1. Printing Funds:
Rev. John P. Cowling Memorial Fund
2. Professorship Funds:
Chair of English Bible and Greek Testament
Josephine Bittinger Eberly Professorship of Latin Language
and Literature
John E. Lehman Chair of Mathematics
Rev. J. B. Weidler Endowment Fund
3* Library Funds:
Library Fund of Class of 1916
4. Maintenance Funds:
Hiram E. Steinmetz Memorial Room Fund
Total Restricted for Educational and General Purposes
B For Non-Educational Purposes:
1. Scholarship Funds:
Allegheny Conference C. E. Society Scholarship Fund
Dorothy Jean Bachman Scholarship Fund
Lillian Merle Bachman Scholarship Fund
Baltimore Fifth Church, Otterbein Memorial Sunday School
Scholarship Fund
E. M. Baum Scholarship Fund
Biological Scholarship Fund
Eliza Bittinger Scholarship Fund
Mary A. Bixler Scholarship Fund
I. T. Buffington Scholarship Fund
Alice Evers Burtner Memorial Award Fund
Senator James J. Davis Scholarship Fund
Derickson Scholarship frund
William E. Duff Scholarship Fund
East Pennsylvania Branch W. M. A. Scholarship
East Pennsylvania Conference C. E. Scholarship
14
Schedule B-3
STATEMENT OF ENDOWMENT INCOME
FOR THE YEAR ENDED JUNE 30, 1936
INCOME
Fund
Principal
June 30,
1936
Balance
Income
July 1,
1935
Income for
the year
(included
in Schedule
Total
Expenditures
(included
in Schedule
B-2)
Balance
Income
June 30,
1936
Exhibit A
$684,963.91 -$281.81 $24,260.98
$23,979.17 $23,979.17
m I 'nir iii ii 11 /
400.00
19.00
19.00
19.00
400.00
19.00
19.00
19.00
15,230.00
761.50
761.50
761.50
40,000.00
36,430.04
200.00
-.22
100.00
100.00
100.00
1,821.50
1,821.50
1,821.50
10.00
9.78
9.78
91,860.04
-.22
2,
,693.00
2,
,692.78
2,
,692.78
1,325.00
61.26
61.25
61.25
1,326.00
61.25
61.25
61.25
200.00
10.00
10.00
10.00
200.00
10.00
10.00
10.00
93,785.04
-.22
2 ;
,783.25
2,
,783.03
*,
,783.03
1,000.00
1,000.00
1,000.00
3,000.00
500.00
2,517.00
12,000.00
500.00
2,000.00
2,000.00
100.00
2,750.00
600.00
3,000.00
5,000.00
50.00
.09
30.00
50.00
100.00
100.00
50.00
50.00
50.00
50.00
50.00
50.00
150.00
150.00
150.00*
25.00
25.00
25.00
125.85
125.85
.09
125.85
25.00
25.00
25.00
50.00
50.00
50.00
33.34
33.34
5.00
5.00
6.00
137.50
137.50
137.50
30.00
30.00
30.00
150.00
150.00
150.00
250.00
280.00
280.00
.09
33.34
^Included in unrestricted income.
15
Schedule B-3, Continued
STATEMENT OF ENDOWMENT INCOME
FOR THE YEAR ENDED JUNE 30, 1S36
II Restricted:
B For Kon-Educational Purposes i
Scholarship Funds t
Samuel F. Engla Scholarship Fund
M. C. Favinger and Wife Scholarship Fund
Fred E. Foos Scholarship Fund
C. C. Gingrich Scholarship Fund
G. D. Gossard and Wife Scholarship Fund
Peter Graybill Scholarship Fund
Jacob F. Greasley Scholarship Fund
Harnish-Kouser Publicity Fund
Earrisburg Otterbein Church Scholarship Fund
Karri sburg Otterbein Sunday School Scholarship Funa
J. M. Heagy and Wife Scholarship Fund
Bertha Foos Heinz Scholarship Fund
Harvey E. Herr Memorial Scholarship Fund
Edwin M. Hershey Scholarship Fund
H. S. Iirmel Scholarship Fund
Eenry G. and Anna S. Kaufman and Family Scholarship Fund
John A. H. Keith Fund
Barbara June Kettering Scholarship Fund
Rev. and Mrs. J. E. and Rev. A. H. Kleffman Scholarship Fund
A. S. Kreider Ministerial Fund
W. E. Kreider Scholarship Fund
Mrs. Savilla Loux Scholarship Fund
Lykens Otterbein Church Scholarship Fund
Kechanicsburg U. B. Sunday School Scholarship
Medical Scholarship Fund
Elizabeth Meyer Endowment Fund
Elizabeth May Meyer Musical Scholarship Fund
Mrs. Elizabeth R. Millard Memorial Scholarship
Bishop J. S. Mills Scholarship Fund
Elizabeth A. Mower Beneficiary Fund
Grace U. B. Church of Penbrook Scholarship
Pennsylvania Conference C. E. Scholarship
Pennsylvania Branch W. M. A. Scholarship Fund
Rev. H. C. Phillips Scholarship Fund
Sophia Plitt Scholarship Fund
Ezra G, Ranck and Wife Scholarship
Levi S. Reist Scholarship Fund
Harvey L. Seltzer Scholarship Fund
IP
Schedule B-3
STATEMENT OF ENDOWMENT INCOME
FOR THE YEAR ENDED JUNE 30, 1936
INCOME
Fund
Income for
Principal
Balance
the year
June 30,
Income
(included
1936
July 1,
in Schedule
1935
B-l)
Total
Expenditures
(included
in Schedule
B-2)
Balance
Income
June 30,
1936
Exhibit A
6,000.00
300.00
300.00
300.00
1,000.00
50.00
50.00
50.00
1,000.00
50.00
50.00
50.00
3,000.00
150.00
150.00
150.00
3,300.00
826,
.69
165.00
991.69
390.50
601.19
1,000.00
50.00
50.00
50.00
500.00
25.00
25.00
25.00
2,000.00
237,
.33
100.00
337.33
337.33
2,120.00
106.00
106.00
106.00
1,100.00
55.00
55.00
55.00
500. OC
25.00
25.00
25.00
1,000.00
50.00
50.00
50.00
1,000.00
50.00
50.00
50.00
400.00
20.00
20.00
20.00
5,000.00
250.00
250.00
250.00
1,000.00
50.00
50.00
50.00
100.00
5.00
5.00
5.00
1,020.00
16,
.50
51.00
67.50
51.00
16.50
1,000.00
50.00
50.00
50.00
15,000.00
200,
.73
750.00
950.73
800.00
150.73
2,000.00
100.00
100.00
100.00
1,000.00
50.00
50.00
50.00
1,000.00
50.00
50.00
50.00
2,000.00
100.00
100.00
100.00
245.00
12.25
12.25
12.25
500.00
25.00
25.00
25.00
1,550.00
77.50
77.50
77.50
5,000.00
.49
250.00
250.49
250.00
.49
5,000.00
175.00
175.00
175.00
225.00
11.25
11.25
11.25
3,000.00
150.00
150.00
150.00
4,350.00
.38
217.50
217.88
217.88
2,500.00
.73
125.00
125.73
125.73
1,300.00
65.00
65.00
65.00
6,380.00
313
.70
319.00
632.70
319.00
313.70
1,000.00
50.00
50.00
25.00
25.00
300.00
15.00
15.00
15.00
3,000.00
1,676
.64"
150.00
5", 426". 19 "
150.00
150.00
124,357.00
7,102.63
5,546.96
1,555.87
17
Schedule B-3, Continued
STATEMENT OF ENDOWMENT INCOME
FOR THE YEAR ENDED JUNE 30, 1936
II Restricteds .
B For Non-Educational Purposes:
2. Student Loan Funds:
Lary A. Dodge Fund
Daniel Eberly Scholarship Fund
3. Pj*ize Funds s
Class of 1928 Scholarship Fund.
Max F. Lehman Fund
4. Annuity Funds j
S. E. Derickson and Wife
Ida Eberly
Elmer S. Eyler and Wife
Fanny Z. Hostetter
E. Roy Line and Wif«
Total Restricted for Non-Educational Purposes
Total Restricted
Total Unrestricted and Restricted
18
Schedule B-3
STATEMENT OF ENDOWMENT INCOME
FOR TEE YEAR' ENDED JUNE 30, 1936
INCOME
Fund
Income for
Balance
Principal
Balance
the year
Expenditures
Income
June 30,
Income
(included Total
(included
June 30,
1936
July 1,
in Schedule
in Schedule
1936
1935
B-l)
B-2)
Exhibit A
$9,500.00
514.66
1475.00
25.73
$475.00
25.73
1475.00
25.73
10,014.66
500.73
500.73
500.73
835.00
400.00
.77
41.75
20.00
42.52
20.00
41.00
20.00
1.52
1,235.00
.77
61.75
62.52
61.00
1.52
500.00
25.00
25.00
25.00
1,000.00
50.00
50.00
50.00
200.00
10.00
10.00
10.00
500.00
25.00
25.00
25.00
200.00
10.00
10.00
10.00
2,400.00
120.00
120.00
120.00
138,006. 66 1 , 677.41
6,108.67
7,786.08 6,228.69 1,557.39
231 , 791.70 1,677.19
8,891.92 10,569.11 9,011.72 1,557.39
L6, 755.61 $1,595.38 $33,152.90 $34,548.28 $52,990.89 $1,557.39
19
Schedule B-4
DETAILS OF CURRENT FUND ADJUSTMENTS
YEAR ENDED JUNE 30, 1936
1. Adjustments adding to Current Funds:
Decrease in income balances:
Allegheny Conference C. E. Society-
Scholarship Fund $60.00
East Pennsylvania Conference C. E. Society
Scholarship Fund 30.00
G. D. Gos6ard and Wife Scholarship Fund 225.50
A. S. Kreider Ministerial Fund 50.00
Pennsylvania Conference C. E. Scholarship
Fund .38
Pennsylvania Branch W. M. A. Scholarship Fund .73
Total to Exhibit B, Section 4 $356.61
2. Adjustments deducting from Current Funds i
Increase in income balances j
Alice Evers Burtner Memorial Award Fund 33.34
Harnish-Houser Publicity Fund 100.00
Elizabeth May Meyer Musical Scholarship Fund 77.50
Ezra G. R&nck and Wife Scholarship Fund 25.00
Class of 1928 Scholarship Fund .75
Total to Exhibit B, Section 5 $236.59
20
Schedule B-5
CONDENSED STATEMENT OF GENERAL FOND CASH RECEIPTS AND DISBURSEMENTS
FOR TBE YEAR ENDED JUNE 30, 1936
Balance July 1, 1935
RECEIPTS
11,660.55
Income:
Students
Endowment Income
Gifts and Grants:
Conference Benevolence
Other
Other Sources:
Interest on Current Funds
Chemical Analysis by Dr. Bender
Library Income
Group Life Insurance
Placement Bureau
Leadership Training School
Unexpended Student Aotivity Fees
Miscellaneous
Balance Sheet Items:
Increase in Notes Payable
Decrease in Prepaid Insurance
Received from Churches on account
of Notes
Decrease in Advanced Receivable
Farm Account
Decrease in Summer School Expenses
Prepaid
1
5156,087.29
27,194.01
$5,753.42
1,223.63
6,977.05
601.19
172.10
396.73
546.48
49.00
676.57
965.80
477.39
3,885.26
18,366.40
1,552.92
138.31
757.30
5.65
20,820.58 214,964.19
$216,524.74
21
Schedule B-5, Continued
CONDENSED STATEMENT OF GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS
FOR THE YEAR ENDED JUNE 30, 1936
DISBURSEMENTS
Expenses:
Educational and General:
General Administration and
Expense $27,775.57
Instruction and Research 94,440.02
Library 3,209.73
Operation and Maintenance of
Physical Plant 10,911.08 $136,336.40
Auxiliary Enterprises and
Activities:
Dormitories
Dining Hall
Placement Bureau
Leadership Training School
Other Non-Educational Expenses:
Interest on Loans
Debating Expenses
Y. Um C. A. Expenses
Decrease in Accounts Payable
Increase in Inventories:
Dining Hall
Laboratory Supplies
Additions to Plant
Balance June 30, 1936, per Exhibit A,
Section I-A
12,625.39
38,797.89
41.84
781.72
52,246.84
2,749.95
74.42
2,824.37
2.75
4,168.61
116.15
275.00
391.15
17,939.37 $213,
,909,
,49
2,
,615,
,25
*216,
,524,
,74
22
Schedule B-6
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
ENDOWMENT INCOME ACCOUNT
FOR THE YEAR ENDED JUNE 30, 1936
Balance July 1, 1935 $1,395.38
RECEIPTS
Incoire from Endowment Investments 135,415.25
Less, accrued interest on bonds
purchased 1,955.54 33,459.71
$34,855.09
DISBURSEMENTS
Unrestricted :
Transferred to General Fund for
Educational Purposes 24,260.98
Restricted:
Transferred to General Fund for
Educational and General Purposes j
Printing Funds
$19.00
Professorship Funds
2,692.78
Library Funds
61.25
Maintenance Funds
10.00
Used for Non-Educational Purposes:
Scholarship Funds
5,546.96
Student Loan Funds
500.73
Prize Funds
61.00
Annuity Funds
120.00
2,783.03
6,228.69 9,011.72
Expenses :
Insurance on Adair Bonds 26.00
33,297.70
Balance June 30. 1936, per Exhibit A, Section I-B 1,557.39
$34,855.09
23
Exhibit C
STATEMENT OF LOAN FUNDS
YEAR ENDED JUNE 30, 1936
FUND PRINCIPAL
Balance
June 30,
Balance
1936
July 1,
Receipts
Other
Deduc-
Exhibit A
Funds
1935
for Year
Additions
tions
Sec. II
Alumni Annual Giving
Fund
$721.70
$139.00
+
$4.50
$856.20
Mary A. Dodge Fund
2,801.29
483.58
+
+
3,284.67
Daniel Eberly Fund
51.46
25.73
+
+
77.19
Henry B. Stehman Fund
1,951.12
+
+
+
1.951.12
Dr. Wagner Special
Fund
113.25
68.75
+
+
182.00
15,638.82
$717.06
$4.50
$6,351.38
FUND ASSETS
Cash
.213.13
Notes Receivable from Students;
Alumni Annual Giving Fund
Dodge Fund
Henry B. Stehman Fund
Dr. Wagner Special Fund
$586.08
2,508.23
900.00
143.94
4,138.25
Total Loan Fund Assets June 30, 1936,
to Exhibit A, Section II
1,351.38
24
Exhibit D
STATEMENT OF ENDOWMENT AND OTHER NON-EXPENDABLE FUNDS
YEAR ENDED JUNE 30, 1936
FUND PRINCIPAL
Endowment
Funds
Annuity
Funds
Total
Balance July 1, 1935
Additions during yean
Alice Evers Burtner Memorial
Award Fund
Malinda Greiner Estate
Bishop J. S. Mills Scholarship
Fund
Rev. John P. Cowling Memorial
Fund
Class of 1916 Library Fund
Deductions during year
Balance June 30, 1936, to
Exhibit A, Section III
$909,197.73 $2,400.00 $911,597.73
2,000.00
1,537.88
1,500.00
20.00
100.00
5,157.88
914,355.61
2,400.00
916,755.61
none
none
none
$914,355.61
$2,400.00
$916,755.61
Schedule D-l
SUMMARY OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Amount Percentage
Invested of Total
Farms
Bonds:
Industrial
Public Utility
Railroad
Real Estate
Mortgages
Stocks
Notes Receivable
Cash awaiting investment
Total Endowment Fund Investments,
June 30, 1936, to Exhibit A, Section III
47,476.25
5.17
$26,800.00
2.92
321,253.91
35.05
205,107.83
22.38
96,865.00
650,026.74
10.57
21,750.00
2.37
175,064.89
19.10
22,235.71
2.44
916,674.59
81.02
100.00
stion III
916,755.61
25
Schedule D-2
SCEEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Amount
FARMS
Farm at East Berlin
Farm at Shirenanstown
$15,000
15,000
5,000
35,000
INDUSTRIAL BONDS
Consolidation Coal
Philadelphia and Reading Coal and Iron Company
Warner Company
PUBLIC UTILITY BONDS
10,000 American & Foreign Power Company, Inc.
10,000 American Utilities Se-rvice Corporation
5,000 Arkansas-Missouri Fower Company
15,000 Associated Electric Company
15,500 Associated Gas and Electric Corporation
5,000 Associated Gas and Electric Corporation
5,500 Associated Gas and Electric Corporation
5,000 Associated Gas and Electric Company
10,000 Birmingham Gas Company
3,500 Central Electric & Telephone Company
10,000 Central Gas & Electric Corporation
10,000 Central Power and Light Company
15,000 Central States Electric Corporation
5,000 Cities Service Company x.w.
10,000 Cities Service Company w.w.
10,000 Cities Service Company, Cvt.
10,000 Cities Service Power & Light Company
15,000 Consolidated Gas Utilities
10,000 Continental Gas & Electric Corporation
5,000 Federated Utilities, Inc.
5,000 Gatineau Power Company
10,000 General Public Utility
5,000 Genesee Valley Gas Company, Inc.
10,000 International Telephone and Telegraph Corporation
10,000 Interstate Fower Company
10,000 Jacksonville Gas Company
5,000 Manitoba Power Company, Ltd.
6,000 Midland Utilities Company
10,000 Municipal Service Company
5,000 Nevada-California Electric Corporation
10,000 New England Gas and Electric Association
5,000 New England Power Association
10,000 Portland General Electric Company
10,000 Postal Telegraph and Cable Corporation
5,000 Southwest Gas Company of Oklahoma
26
Schedule D-2
SCHEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Rate Per Cent Maturity Book Value Income
$9,776.25
37,700.00
47,476.25
5
6
6
5
5
4-1/2
5-1/2
6
5
5
5-1/2
5
5
5
5
5
5-1/2
6
5
5-1/2
6
6-1/2
6
5
5
5
5-1/2
6
6
5
5
5
4-1/2
5
6
1960
12,000.00
+
1949
10,000.00
$900.00
1944
4,800.00
150.00
26,800.00
1,050.00
2030
9,500.00
500.00
1964
9,500.00
450.00
1953
4,800.00
+
1961
13,783.75
125.00
1973
19,250.00
775.00
1973
7,500.00
225.00
1973
8,250.00
302.50
1948
3,200.00
+
1959
9,800.00
500.00
1955
4,500.00
175.00
1946
9,700.00
550.00
1956
9,900.00
500.00
1948
13,737.50
425.00
1963
4,800.00
250.00
1969
10,000.00
250.00
1950
10,000.00
500.00
1949
9,800.00
550.00
1943
14,800.00
900.00
1958
9,816.67
250.00
1957
4,500.00
275.00
1941
4,800.00
300.00
1955
9,900.00
650.00
1956
4,500.00
300.00
1955
9,900.00
500.00
1957
9,600.00
500.00
1942
9,000.00
300.00
1951
4,600.00
♦
1938
+
+
1956
9,900.00
600.00
1956
4,900.00
250.00
1950
9,700.00
500.00
1948
4,900.00
250.00
1960
9,700.00
450.00
1953
8,500.00
+
1954
5,000.00
300.00
27
Schedule D-2
SCHEDULE OF ENDOWMENT FUND IKVESTMENTS
JUNE 30, 1936
Amount
110,000
10,000
10,000
330,500
PUBLIC OTILITY BONDS, Continued
Standard Power and Light Corporation
United Light & Power Corporation
United Light and Railways Company
RAILROAD BONDS
10,000 Baltimore and Ohio Railroad Company
10,000 Baltimore and Ohio Railroad Company
5,000 Boston & Maine Railroad Company
10,000 Buffalo, Rochester & Pittsburgh Railway Company
10,000 Chicago Great Western Railroad Company
10,000 Chicago and North Western Railway Company
5,000 Chicago, Rock Island and Pacific Railway Company
10,000 Chicago South Shore and South Bend Railroad Equipment
2,000 Cleveland Union Terminal 1st Mortgage
15,000 Erie Railroad Company
10,000 Erie Railroad Company
10,000 Illinois Central Railroad
10,000 Illinois Central Railroad Company and Chicago, St. Louis end
New Orleans Railroad Company
5,000 International-Great Northern Railroad Company
10,000 Missouri Pacific Railroad
10,000 New Orleans, Texas & Mexico Railway Company
10,000 New York Central and Hudson River Railroad Company
10,000 New York Central Railroad Company
10,000 New York, Chicago and St. Louis Railroad Company
5,000 Philadelphia Rapid Transit Company
5,000 Southern Pacific Company
10,000 Southern Railway Company
5,000 St. Louis Peoria and Northwestern Railway
10,000 St. Louis-San Francisco Railway Company
5,000 Virginia and South Western Railway Company
10,000 Wabash Railway Refunding
15,000 Western Pacific Railroad Company
237,000
REAL ESTATE BONDS
500 Agar Packing and Provision Company
5,000 Atlanta Medical Arts Building, Atlanta, Georgia
2,000 Broadway-Barclay Office Building
5,000 Broadway &. 41st Street Euilding
5,000 Carman Theatre, Philadelphia
1,000 The Corset, New York City
14,000 Fuller Building (G.A.F. Realty Corp.)
8,500 Lemoyne Trust Company
5,000 Loutellus Apartments, Pittsburgh
5,000 North Avenue Market, Baltimore
28
Sohedule D-2
SCHEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Rate Per Cent
Maturity
Book Value
Income
6
1957
19,500.00
1600.00
6
1975
9,900.00
600.00
5-1/2
1952
9,815.99
137.50
1960
321,253.91
9,600.00
13,740.00
4-1/2
450.00
5
1995
10,000.00
500.00
5
1955
5,000.00
260.00
4-1/2
1957
9,800.00
692.50
4
1959
7,000.00
♦
4-3/4
1949
6,000.00
♦
4-1/2
1960
3,000.00
+
5-1/2
1935
8,500.00
4
5
1973
2,000.00
50.00
5
1975
14,850.00
750.00
5
1967
9,900.00
500.00
4-3/4
1966
9,800.00
475.00
5
1963
10,000.00
500.00
5
1956
4,000.00
♦
5
1977
7,000.00
+
5-1/2
1954
8,000.00
+
4-1/2
2013
9,900.00
450.00
5
2013
10,000.00
500.00
5-1/2
1974
10,000.00
560.00
5
1962
4,900.00
300.00
4-1/2
1969
4,900.00
225.00
6
1956
9,707.83
300.00
5
1948
4,000.00
+
4-1/2
1978
5,500.00
+
5
1958
5,000.00
250.00
5
1980
6,000.00
♦
5
1946
1946
11,750.00
205,107.83
♦
6,642.50
5
500.00
37.50
6-1/2
1938
5,000.00
325.00
6
1941
2,000.00
60.00
3
1944
4,937.50
150.00
6
1940
5,000.00
525.00
6
1941
1,000.00
+
5-1/2
1949
14,000.00
350.00
5
1929
8,500.00
378.33
6-1/2
1936
5,000.00
♦
6
1940
5,037.50
300.00
29
Schedule D-2
SCHEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Amount REAL ESTATE BONDS, Continued
$4,000 Ruskin Corporation
4,000 New Hotel Syracuse
38,000 United Brethren Publishing House
97,000
$ 699,500 Total Bonds
MORTGAGES
4,750 Jacob M. Baum
5,000 Amos K. Curry
5,000 Derry Street Church, United Brethren in Christ, Harrisburg
1,000 Union Trust Company of Pennsylvania, Harrisburg
6,000 P. A. W. Wallace
21,750
6.
80 sh.
100
shares
100
ii
100
it
100
it
100
t?
60
it
350
ii
100
ii
200
•t
60
it
100
it
150
n
100
ti
50
it
100
n
100
n
50
n
60
n
100
n
70
ti
50
n
60
n
5
ii
100
ii
100
n
200
"
100
n
100
"
84
it
21
n
STOCKS
Agar Packing and Provision Corporation, Preferred
American Radiator Company
Anaconda Copper
Atlantic Refining Company
Bethlehem Steel Corporation, Preferred
Burroughs Adding Machine Company
Central Electric & Telephone Company, Preferred
Central Electric & Telephone Company, Common
Central West Company (Voting Certificate)
Chase National Bank of New York
Chemical Bank & Trust Company
Columbia Gas & Electric Company
Consolidated Gas Utilities
Consolidated Oil Company
Electric Power & Light Company
General Electric Company, Inc.
Goodrich Rubber Company
International Harvester Company
Irving Trust Company
Kennecott Copper
A. S. Kreider Shoe Company, Preferred
A. S. Kreider Company, Preferred
Bank of Manhattan Company
Mission Corporation
National Biscuit Company
National Cash Register
National City Bank of New York
New England Power Association
North American Company, Inc.
Northeastern Water and Electric Corporaxion, Preferred
Northeastern Water and Electric Corporation, Common
30
Schedule D-2
SCHEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30. 1936
Rate Per Cent Maturity
3 1950
3 1955
6 1934-53
6 1929
6
5-1/2
5-1/2
Book Value
Income
#4,000.00
#70.00
4,000.00
50.00
37,890.00
+
96,865.00
2,245,83
650,026.74
23j678.33
4,750.00
285.00
5,000.00
300.00
5,000.00
300.00
1,000.00
+
6,000.00
330.00
21,750.00
1,215.00
500.00
+
2,504.89
+
5,000.00
12.50
5,700.00
140.78
1,700.00
+
4,500.00
108.15
(4,300.00
(
10,000.00
280.00
3,700.00
108.00
2,000.00
f
600.00
+
1,500.00
+
4,200.00
+
5,500.00
80.00
2,500.00
+
4,094.79
45.00
3,200.00
36.00
5,000.00
105.00
(12,000.00
+
(
3,700.00
90.00
+
7.49
7,500.00
160.00
2.500.00
+
10,000.00
200.00
8,500.00
100.00
6,000.00
114.00
(8,500.00
392.00
(
31
Schedule D-2
SCHEDULE OF ENDOTO1ENT FUND INVESTMENTS
JUNE 30, 1936
Amount STOCKS, Continued
100 ehare8 Ohio Oil Company
4 " Pennsylvania Power & Light Company, Preferred
100 " Philadelphia Company Cumulative Preference
5 " Potomac Edison Company
50 " Procter & Gamble Company
100 " Radio Corporation
1 n Sheridan-Belmont Hotel Company
100 " Socony Vacuum Oil
50 " Southwest Gas Company of Oklahoma, Preferred
100 " Standard Oil Company, Inc., of Neiw Jersey
100 " United Aircraft
100 " The United Gas Improvement Company
100 " United States Steel Corporation
3996.80 Total Stocks
NOTES
Notes from churches and individuals
Total Investments
32
Schedule D-2
SCHEDULE OF ENDOWMENT FUND INVESTMENTS
JUNE 30, 1936
Rate Per Cent Maturity
Book Value
Income
§2,000.00
£25. 00
400.00
20.00
9,600.00
62.50
500.00
35.00
3,200.00
87.50
2,000.00
+
500.00
+
2,000.00
+
2,765.21
+
8,600.00
150.00
3,000.00
+
5,300.00
125.00
10,000.00
-t-
175,064.89
2,483.92
22,356.71 512.67
)16,674.59 427,869.92
33
Exhibit E
STATEMENT OF PLANT FUNDS
YEAR ENDED JUNE 30, 1936
(1) Unexpended Plant Funds
Balance July 1, 1935
Additions during year:
1. Amount transferred from Current Funds
Deductions during year:
a. Electric fan for Heating Plant
b. Books for Library
c. Drinking fountain for Conservatory
d. Vault door, desk and chair for office
e. Microammeter for Physics Laboratory
f. Microscopes, projector, kymograph
and instrument cabinet for Biology
Laboratory
g. Balance for Chemistry Laboratory
h. Musical instruments - new organ
i. Apartment in Men's Dormitory
j. Violin outfits for Conservatory
Balance June 30, 1936
(2) Invested in Plant
Value of Plant July 1, 1935
Additionb during year, as above
Deductions :
Value of organ retired from service
Value of Plant, June 30, 1936,
Exhibit A, Section IV
11.07
2,000.00
14.20
188.05
46.10
422.85
150.75
15,015.95
70.40
30.00
None
$17,939.37
$17,939.37
17,939.37
None
653,024.75
17,939.37
670,964.12
9.000.00
$661,964.12
34
Schedule E-l
Land 8s
Athletic Field
Campus
Underground Heating and
Plumbing System
Buildings;
Admini stration
Conservatory Annex
Engle Hall
Heating Plant
Carnegie Library
Men's Dormitory
North Hall for Women
President's Eome
South Hall for Women
West Hall for Women
Equipment :
Auditorium
Dining Hall and Kitchen
Class Room Furniture
Conservatory Class Room
Furniture and Apparatus
General Furniture and Apparatus
Athletic Field and Gymnasium
Heating Plant
Biology Laboratory
Chemistry Laboratory
English Department — Lantern
slides and equipment
Physics Laboratory
Library
fooks in Library
1'useum Furniture
Musical Instruments
Office Equipment
Y. M. C. A. Room
Total Plant Funds Assets
Less organ replaced
Total Flsnt Funds Assets
PLANT
FUNDS ASSETS
JUNE 30, 1936
Book Value
Book Value
July 1,
June 30,
Erected
1935
Increase
1938
$5,000.00
15,000.00
34,000.00
34,000.00
39,000.00
17,089.39
157,170.25
39,000.00
17,089.39
1905
157,170.25
3,662.49
3,662.49
1899
68,000.00
12,300.00
68,000.00
12,300.00
1904
39,250.00
39,250.00
1905
83,790.55
$70.40
83,860.95
1904
87,111.91
87,111.91
1900
9,145.60
9,145.60
1857
22,611.83
12,106.81
495,149.44
22,611.83
12,106.81
70.40
495,219.84
2,700.00
2,700.00
6,828.80
6,828.80
4,900.00
4,900.00
473.99
30.00
503.99
saratus
12,055.92
14.20
12,110.12
;ium
5,371.00
5,371.00
2,999.41
1.07
3,000.48
7,233.50
422.85
7,656.36
8,000.00
150.75
8,150.75
srn
1,000.00
1,000.00
4,500.76
46.10
4,546.86
1,159.55
1,159.55
15,100.00
2
,000.00
17,100.00
4,250.00
4,250.00
20,280.23
16
,015.95
35,296.16
4,542.76
188.05
4,730.81
350.00
101,765.92
3M
17
,868.97
119,654.69
653,024.75
17
9
,939.37
,000.00
670,964.12
9,000.00
$653,024.75
$1
,939.37
$661,964.12
35
EXTENSION DEPARTMENT
YEAE ENDED JUNE 30, 1956
Inc ome :
first Semester
Second Sen ester
Total Incoire
Exp e
Salaries paid to Faculty
Traveling and miscellaneous expeiises
Total Expenses
Net Profit
*677.00
543. OC
800.00
327.00
11,220.00
1,127.00
493.00
SUMNER SCHOOL KEFORT
JUNE 30, 1936
In come :
Registration
Tuition
Boarding
Room Rent
Practice Teaching Fees
Profit on sale of books
Total Incoine
E xpenses :
Salaries paid to Faculty
Paid to C. R. Gingrich for Eoarding
Registration and Room Rent retained
by College
Miscellaneous expenses
Ten per cent retained by college
Total Expenses
$44.00
1,697.50
282.00
96.00
135.00
13.14
1,159.02
282.00
140.00
544.70
141.92
,2,267.64
C2.267.64
36
SATURDAY SCHOOL REPORT
JUKE 30, 1936
Income :
Registration Fees $41.00
Tuition
First Semester $850.00
Second Semester 725.00 1,575.00
Total Income $1,616.00
Expe nses :
Salaries paid to Facultys
Paid to June 30, 1936 1,341.90
Paid July 31, 1936 75.60 1,417.50
Registration Fees retained by
College 41.00
Ten per cent retained by college 157.50
Total Expenses $1,616.00
:;-,
STATEMENT OF KUSIC SCHOOL INCOME AND EXPENSES
YEAR ENDED JUNE 30, 1936
First
Second
Both
INCOME
Semester
Semester
Semesters
Instruction j
Voice
$2,534.50
$2,549.50
$5,084.00
Piano
2,409.00
2,264.00
4,673.00
Organ
631.00
591.00
1,222.00
Violin
700.00
775.00
1,475.00
Cello
84.00
80.00
164.00
Instruments of Band and
Orchestra
517.00
548.00
1,065.00
Theory
4,857.00
4,729.00
9,586.00
11,732.50
11,536.50
$23,269.00
Use of Instruments
for
Practice:
Piano
504.00
496.00
1,000.00
Organ
430.00
412.50
842.50
Instruments of Band
and Orchestra
234.00
240.00
474.00
1,168.00
1,148.50
2,316.50
Total Income
#12,900.50
$12,685.00
25,585.50
EXPENSES
Salaries 22,150.12
Practice teaching for Seniors,
including transportation 944.32
Tuning, repairs, and use of
motor for organ 616.14
Music 111.94
Stationery and Printing 42.90
Total Expenses 23,865.42
Profit before Administration and
Building Maintenance Expenses $1,720.08
38
STATEMENT OF DORM TORY INCOME AND EXPENSES
YEAR ENDED JUNE 30, 1936
INCOME
Rentals:
Nen'e Dormitory
Worth hall
South Kail
West hall
Gruber's
Dining Kail
Leadership Training School
Breakage Fees
defining Fees
Total Income
£8,318.24
3,924.30
2,032.03
1,335.75
182.00
4,500.00
62.00
$20,354.32
262.83
• 630.30
$21,247.45
EXPENSES
Care of Buildings and Furniture
Heat
Light and Fewer
Ki scellaneous
Operating Supplies
Froperty Insurance
Rent
Repairs and kaintenance of Buildings
and Eouipment
Telephone
Water
Total Expenses
$3,326.29
4,033.55
2,172.16
42.72
149.15
582.72
174.00
1,660.55
106.74
377.51
12,625.39
Profit before Admiiistration Expense:
1,622.06
39
REPORT OF DINING HALL
YEAR ENDED JUNE 30, 1936
INCOME
Students' Board
Sale of meals to others
Sale of food and operating supplies
Rent for use of Dining Room
Total Income
Cost of meals, materials and supplies onlyj
Inventory July 1, 1935
Purchases
Inventory June 30, 1936
Cost of meals, materials and supplies
only
Gross Profit before Operating Expenses
1,883.50
637.28
25.13
20.00
987.19
23,423.39
24,410.58
1,103.34
$39,565.91
23,307.24
$16,258.67
EXPENSES
Operating Expenses:
Salaries and Wages
8,892.83
Gas
193.24
Laundry
459.01
Light
552.20
Miscellaneous
108.00
Operating Supplies
229.77
Renewals and Repairs
481.38
Rental
4,500.00
Telephone
24.34
Water
69.88
Total Operating Expenses
$15,510.65
Profit before Administration
Expenses
$748.02
40
STATEMENT OF LABORATORY INCOME AND EXPENSES
YEAR ENDED JUNE 30, 1936
Income :
Fees
Breakage Income
Psych-
Biology Chemistry Physics ology
Total
$2,205.30 $2,249.00 $420.00 $126.00 $5,000.30
47.75 296.25 344.00
2,253.05 2,545.25 420.00 126.00 5,344.30
Expenses ;
Inventory July 1, 1935
Purchases
Inventory June 30, 1936
Cost of supplies used
275.00 1,200.00 50.00
1,321.52 1 ,340. 00 141.24
1,596.52 2,540.00 191.24
300.00 1,450.00 50.00
1,296.52 1.090.00 141.24
+ 1,525.00
1.72 2,804.48
1.72 4,329.48
+ 1,800.00
1.72 2,529.48
Gain before Administration
and Maintenance Expenses $956.53 $1,455.25 $278.76 $124.28 $2,814.82
REPORT OF LIBRARY
YEAR ENDED JUICE 30, 1936
Income ;
Matriculation Fees
Endowment Fund
College Departments
$396.73
61.25
1,601.96
.059.94
Expenses :
Books and magazines
Salaries
Supplies and Einding Expense
Specials for Departments
Deduct items added to capital investment
1,455.60
3,536.20
215.93
1,601.96
6,811.69
2,000.00
4,811.69
Deficit
$2,751.75
.1 i
DONATIONS TO LEBANON VALLEY COLLEGE FOR SPECIAL PURPOSES
YEAR ENDED JUNE 30, 1936
CASH CONTRIBUTED TO CURRENT ACCOUNT
For books, supplies, binding, etc.. for Library,
from Departments:
Bible #32.37
Biology 61.01
Book Department 548.37
Business Administration 3.20
Chemistry 4.28
Education 26.85
English 91.47
French 15.38
History 5.98
Latin 9.04
Physical Education 11.21 $809.16
Alumni — For salary of Secretary 100.00
Athletic Council— For salary of Publicity Director 500.00
Alumni Annual Giving Fund — Organ 600.00
Class of 1932 — Memorial for Alfred Kuhnert 23.63
$2,032.79
BOOKS PRESENTED TO LIBRARY
In addition to the above, books and periodicals were contributed to
the Library by the following:
Number of Volumes Value
Books
K. S. Bollman
R. R. Butterwick
Class of 1936
Conservatory of Music
Mrs. Robert Ewing
C. R. Gingrich
Ginn & Company
Was on Long
H. E. Miller
Helen E. Myers
Rhoda Riegel
Naomi Shively
E. H. Sneath
Dr. £. 0. Spessard
Y. L. Stokes
Pennsylvania State Library
United Brethren Mission Board
P. A. W. Wallace
Margaret A, Wood
Miscellaneous
Periodicals
Wistar Institute
1'iscellaneous
United Brethren Church
42
1
$1.00
7
9.00
1
4.00
99
90.00
100
400.00
4
6.00
35
29.00
1
3.00
8
12.50
1
3.50
2
1.50
4
6.00
10
25.00
1
5.00
2
3.50
18
20.00
2
3.50
5
5.00
2
3.50
63
63.00
694.00
5
50.00
35
45.00
3
3.80
^792.50
ANALYSIS OF HEATING PIANT EXPENSE
YEAR ENDED JUNE 30, 1936
Fuel, including freight and drayage
Insurance
Light and Power
Miscellaneous
Repairs
Wapes
Supplies
Telephone
Water
$4,628.11
30.96
647.42
8.20
352.87
2,269.68
17.08
45.65
74.63
$8,074.60
Distribution of Heating Plant Expense
Heating Physical Plant
Heating Dormitories
4,037.30
4,037.30
^8,074.60
ANALYSIS OF FARM DEFICIT ACCOUNT
YEAR ENDED JUNE 30, 1936
East Berlin Farm
Net Profit for current year
Deduct, Deficit July 1, 1935
Surplus June 30, 1936
$141.37
22.91
$118.46
Shiremanstown Farm
Deficit July 1, 19-35
Deduct Net Profit for year
Deficit June 30, li*56
2,787.40
89.95
2.697.45
Total Farm Deficit June 30, 1936,
Exhibit A, Section V
|2 , 578.99
43
FARM
EAST
REPORTS, YEAR ENDED JUNE 30, 1936
BERLIN FARM
INCOME
Sep. 18,
1935
Sep. 18,
1935
June 15,
1936
C. A. Crowl — On account of corn
and oats |70.95
W. Denton I/yers:
524.7 bushels wheat at 73/ 383.0s
T. C. Heishman, Carlisle:
9,161 lbs. hay 38.50
14,313 lbs. straw 42.60
Tof.al Income
$535.08
EXPENSES
July 30, 1935 CM. Spangle r— 7 rds. 12j| ft. of
fencing 12.39
Sep. 18, 1935 C. A. Crowl — Repairs to water system 4.15
R. 4 H. Machine Shop — Repairs to
water system 1.30
George Livingstone — Clover seed 13.75
Samuel D. Kling — Repairs 1.75
Gregory F. C-ebhart— 1935 School Tax 40.00
Gregory F. Gebhart — 1935 County, Road
and bond tax 54.00
W. Denton Myers — Lime, fertilizer,
timothy seed 158.52
Evening Sun — Advertisement for farmer 1.50
The Sentinel — Advertisement for farmer 1.20
I. S. Ernst — Expenses interviewing
farmers 34.69
East Berlin News — Advertisement for
farmer .64
Times News Publishing Company — Adver-
tisement for farmer .92
Fay 1, 1936 Gregory Gebhart — County, Road and
bond tax for 1936 51.30
June 15, 1936 W. S. Wolfe — Bailing hay and straw 17.60
Total Expenses
Net Profit
Sep.
13,
1935
Oct.
21,
1935
Jan.
3,
1936
Feb.
3,
1936
Feb.
10,
1936
$ 393.71
£141.37
44
FARM REPORTS, YEAR ENDED JUNE 30, 1936
SHIREMANSTOWN FARM
INCOME
July 12, 1935
July 26, 1935
June 29, 1936
July
30,
1935
Aug.
5,
1935
Aug.
12,
1935
Aug.
15,
1935
Sep.
13,
1935
Oct.
9.
1935
Oct.
10,
1935
Oct.
26,
1935
N ov .
12,
1935
Dec.
14,
1935
Jan.
3,
1936
Feb.
10,
1936
Mar.
6,
1936
May
1,
1936
May
11,
1936
May
20,
1936
June
17,
1936
June
27,
1936
Homer C. Kistler:
190 bushels oats at 50/ $95.00
Frank Eberlyj
573-9/60 bushels wheat at 68/ 389.74
Golden Grain Mills:
1113-2/3 bushels wheat at 68/ 757.30
Total Income $1,242.04
EXPENSES
Hauck Brothers — Pump repairs 3.58
Annie G. Witter — State and County
Taxes 53.20
Annville National Bank—Interest on
note 30.00
Hitter's hardware Company — Fencing
and staples 9.22
H. E. Mllard— 29 N.T. Sweet Arrow
Kydrated Lime at $8.50 246.50
Annie G. Witter— 1935 School Tax 140.00
Hauck Bros. — Pump cylinder and repairs 7.75
G. L. Wolfe — 4^ tons fertilizer
at $24.80 less discount of $9.49 95.91
Mark A. Brubaker — 210 ft. cyclone
fence 204.00
Annville National Bank — Interest on
note 30.00
Cochran & Allen — Automatic drinking
equipment for cattle 65.59
Harry Zimmerman — Interest on note 50.00
Ritter's hardware — Fencing, gate,
staples 13.15
Annville National Rank — Interest on
note 30.00
Hauck Bros. — Repair water service 2.12
P. L. Wolfe— 1^- tons fertilizer,
collere share 23.02
Annville National Bank — Interest on
note 30.00
Annie G. Witter — Road tax for 1936
£42.00 less 5%, $2.10 39.90
harry Zimmerman— Interest on note 50.00
Mlleisens Lumber Company — Lumber,
bolts and pates 28 .15
Total Expenses 1,152.09
Net Profit 389.95
4e
AUDITING COMMITTEE REFORT
To the Board of Trustees of Lebanon Valley Colleges
Gentlemen: — Following the practice of recent years, your auditing
committee secured the services of a certified public accountant to
audit the accounts of S. K. Berickson, Treasurer of the College.
The audit was made by Charles E. Frocasco, C. P. A., of Harrisburg,
Vile submit as our report his certification, which follows:
E. E. Schaeffer
P. 0. Shettel
E. E. Iv.iller
Committee
Charles E. Frocasco, C. P. A.
Mechanics Trust Building
Harrisburg, Pa.
Member of American Institute of Accountants
Member of National Association of Cost Accountants
August 21, 1936
Board of Trustees,
Lebanon Valley College,
Annville, Pennsylvania.
Gentlemen: — Pursuant to instructions received from your Finance
Committee, I have audited the assets, liabilities, and funds of
LEBANON VALLEY COLLEGE
Annville, Pennsylvania
for the year ended June 30, 1936, also the financial statements includ-
ed in the foregoing report of your Treasurer, Mr. S. H. Derickson.
Cash receipts and disbursements for all funds were audited in
detail, cash balances confirmed, receivables verified, and all invest-
ments examined or otherwise properly accounted for. Plant additions
were determined to be proper capital charg-es.
Notes payable were confirmed and all other ascertainable liabil-
ities computed and included in the accompanying balance sheet
Sufficient tests were made of the income and expense accounts to
assure, with reasonable accuracy, the correctness of the year's operating
result reflected by the annexed profit and loss statement.
I hereby certify that the financial statements, as herewith sub-
mitted, are in agreement with the books of account, which were found to
be correct.
Respectfully submitted,
C. E. Procasco
Certified Public Accountant
46
STUDENT ENROLLMENT, 1935-1936
Colleg-e Department
Men
Women
Total
Graduate Students
1
1
2
Seniors
49
23
72
Juniors
42
20
62
Sophomores
49
27
76
Freshmen
71
34
105
Specials
1
1
Saturday Classes
12
33
45
225
138
363
Conservatory of Music
Seniors
6
13
19
Juniors
7
7
14
Sophomores
7
10
17
Freshmen
14
23
37
Specials
28
49
77
62
102
164
Extension Department
12
33
45
TOTAL ENROLLMENT
299
273
572
Duplicates
10
18
28
NET ENROLLMENT
289
255
544
Summer Session, 1936
22
23
45
FUNDS FROM THE N. Y. A.
(Not taken into College Account)
YEAR ENDED JUNE 30, 1936
October, 1935
November, 1935
December, 1935
January, 1936
February, 1936
M fi rch, 1936
April, 1936
May, 1936
June, 1936
$674.97
674.62
674.80
674.97
674.89
674.89
674.97
674.97
674.54
$6,073.62
Number of students helped - 110
47
TVNews
OpenLibrary